Why can't capitalist economies put a cap on wealth, and funnel excessive profits to somewhere that will help society?
by 
Aristocles
ANSWERS: 6
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That's what Communism tried to do. Communism really being " for the people". But greed by the top people stopped it working. Russia or China, the result was the same. The few at the top living in luxury while the remainder struggled. At least n a democracy, a person born into poverty can strive to reach the top in earning potential. Invent a perfect mousetrap and the world will beat a path to your door. Thats what Bill Gates did. And now he is the richest man ib he world. I'll give you some help. Find a way to put " Zenotime" to a useful purpose that is needed by everyone and you will be rich. Research it, and its properties.
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It is not that Capitalistic economics can't put a cap on wealth which should be done, but people in power are wealthy and would have to share thier wealth,if there were rules dictating sharing wealth.I can not understand how some rich hoard thier money,that is not true capitalism.
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Capitalist governments TAX income and distribute it in ways the "society" determine are beneficial. "Excessive profits" are the source of much of the charitable giving in the world. By the way, the wealthiest people on Earth live in oligarchic countries ruled by royalty. The Saudis' are the first that come to mind. Are they an example of philanthropy?
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This is what the democratic party wants to do. As long as it isn't their money of course. The year Gore ran for prez he donated $700. What an ass.
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God, the top four answerers are conservative pundits. :( They won't do this because in totally capitalist societies the people who make these kinds of decisions will be negatively affected by the outcomes of this proposal.
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because then it would no longer BE a capitalist economy, it would be socialist.
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